Toyota Kirloskar Motor recently announced an increase in the prices of its key models, effective from September 21st, 2013. The price increase of the Etios, Etios Liva, Innova and Corolla Altis will be upto 1.50 per cent.
The range of price increase for each product is:
- Etios – Rs 4,000 to Rs 8,000
- Etios Liva – Rs 4,500 to Rs 8,600
- Innova – Rs. 7,000 to Rs. 11,000
- Corolla Altis – Rs. 11,000 to Rs. 24,000
Due to inflation, falling rupee and increase in the cost of materials, the company was forced to pass on the increase in cost, to the customers.
Also see – Toyota India plans to hike car prices